Oh, what a jolly mess we have here! Fresh tariff tussles between the United States and China have sent the global markets into a dizzying spin, like a rollercoaster designed by a mad scientist! š¢ Bitcoin and its cryptocurrency chums have taken a nosedive, plummeting faster than a lead balloon, all thanks to President Donald Trumpās cheeky āLiberation Dayā tariffs making a grand re-entrance. Who knew tariffs could be so dramatic? š
Traders are wringing their hands, wondering if this sudden Bitcoin price hiccup could turn into a full-blown market catastrophe. The sell-off was as widespread as a rumor in a small village, with Asian markets getting hit harder than a piƱata at a birthday party. Tokyoās Nikkei 225 took a dive of nearly 8% as trading resumed on Monday. Ouch! š±
But fear not! Trump, the ever-optimistic captain of this ship, has downplayed the crisis, cheerfully declaring, āI donāt want global markets to fall, but sometimes you have to take medicine to fix something.ā Ah yes, the old ātastes like medicineā trick! šµ
A History of Profiting from Market Crashes
Now, this isnāt the first time Trumpās curious relationship with economic downturns has raised a few eyebrowsālike a startled owl! š¦ In the 2012 History Channel mini-series The Men Who Built America, Trump boldly proclaimed why he flourishes during bad markets: āI find that I do better in bad markets. I buy things in bad markets, and you canāt do that in a great economy. You either buy it very expensively or not be able to buy it at all. So thereās a lot of opportunity I find in the bad times.ā
Trump (2012): “I do better in bad markets. I buy things in bad markets. You can’t do that in a great economy. There’s a lot of opportunity I find in the bad times.”
He’s intentionally crashing the economy
Credit: @nowthisimpactā Ron Smith (@Ronxyz00) April 5, 2025
His words have resurfaced like a bad penny amid the current market chaos, with critics scratching their heads over his economic policies. While Trumpās fans argue that his tactics are all about strengthening the economy for the long haul, others are left wondering if heās just playing a game of Monopoly, exploiting market mayhem for his own financial gain. š¤
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2025-04-07 10:22